Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Manufacturing: Chinese-owned tool maker Milwaukee Tool announced it will establish a new production plant in the northern state of Coahuila via investment of US$86 million. The company manufactures power tools such as drills, saws, grinders and related products. (El Financiero, August 29, 2019)
  • Energy: Spanish energy multinational Iberdrola will construct two new electricity generation facilities at a combined cost of US$750 million, the company reported. The combined cycle plant in the Gulf coast state of Veracruz and the wind park in the eastern state of Puebla are projected to provide capacity of 1,700 MW. (Reforma, August 22, 2019)
  • Fertilizer: Swiss petrochemical products multinational Proman will move forward to construct an ammonia fertilizer production plant in the northwest state of Sinaloa, the company reported. The US$1.25 billion complex is projected to produce 800,000 tons of agricultural fertilizer annually beginning in 2022, for both the domestic and export markets. (El Financiero, August 14, 2019)
  • Personal care: Brazilian cosmetics multinational Natura constructed a new distribution center in the central State of Mexico at a cost of US$10 million, the company reported. The site is planned to have capacity to process 1,300 orders per hour. (El Financiero, August 15, 2019)
  • Logistics: German logistics multinational DHL announced it will invest US$300 million in Mexico though 2024 to handle booming e-commerce shipping demand. Resources will support operational areas such as retail services, security, technology systems, equipment and general package handling capacity. (El Financiero, August 14, 2019)
  • Airports: Mexican airport operator Grupo Aeroportuario del Sureste (ASUR) reported plans to remodel and expand the four terminals at its airport in the southeastern tourist destination of Cancun. The US$310 million, five-year upgrade will include expansion of the immigration processing area and international arrivals gates, and could be extended to include an additional terminal connecting to the proposed Tren Maya passenger train line.  (El Financiero, August 8, 2019)
  • Electronics: U.S. manufacturing services company Jabil Circuit plans to establish a new manufacturing plant in the northeastern state of Nuevo León, the state government announced. The US$30 million facility will produce electronic components for clients such as Siemens, Cisco, Tesla, Honeywell, Osram and GE. (El Financiero, August 7, 2019) 
  • Wind power: French energy conglomerate Engie inaugurated the third phase of its wind energy park in the northeastern state of Tamaulipas, the company reported. The US$80 million expansion provides generation capacity of 50.8 MW via 15 turbines. (El Financiero, August 22, 2019)
  • Lubricants: Mexican automotive lubricants manufacturer and distributor Comercial Importadora (CISA) announced a joint venture with Netherlands-based oil company Royal Dutch Shell to distribute Shell lubricants in the Mexican market. The initiative includes investment of up to US$35 million to expand CISA’s lubricants plant in the central State of Mexico.  (Energía a Debate, August 6, 2019)
  • Manufacturing: U.S. home appliance manufacturer Whirlpool inaugurated an expansion of its largest Mexico production plant located in the central state of Guanajuato, the company reported. The US$5 million addition will enable Whirlpool to boost output of kitchen stoves by 18%. (Somos Industria, August 2019)
  • Logistics: Netherlands-based home furnishings retailer Ikea will construct a distribution center in the central State of Mexico, the company reported. The 161,000 square foot (15,000 square meter) facility will supply the company’s first Mexico store, scheduled to open in 2020. (Somos Industria, August 2019)
  • Hotels: U.S. hotel chain Marriott International announced plans to construct four new hotels in the southeastern Riviera Maya tourism region, under the all-inclusive format. The US$800 million investment includes a fifth hotel in the Dominican Republic. (El Financiero, August 6, 2019)

 

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